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Cheap Apartments for Rent in the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Shadeland area of Indianapolis.
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$699 - $925Studio to 2 Bedroom Apartments Available Now
Olivewood
2091 Olivewood DrIndianapolis, IN 46219
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$749 - $999Studio to 2 Bedroom Apartments Available Now
Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
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Rent Specials
$763 - $1,6921 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
3003 N Webster Ave
IndianapolisIN46226
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1 to 4 Bedroom Apartments
Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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6228 East 21st St
IndianapolisIN46219
2163 Admiral Dr
IndianapolisIN46219
6226 East 21st St
IndianapolisIN46219
6005 Dickson Rd
IndianapolisIN46226
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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5959 E 24th St
IndianapolisIN46218
Showing Results 1-23, Page 1 of 1
Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thirty-Eighth & Shadeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Shadeland Studio Apartments | $750 | $699 | $879 |
| Thirty-Eighth & Shadeland 1 Bedroom Apartments | $890 | $650 | $1,150 |
| Thirty-Eighth & Shadeland 2 Bedroom Apartments | $1,121 | $798 | $1,499 |
| Thirty-Eighth & Shadeland 3 Bedroom Apartments | $2,413 | $1,399 | $8,579 |
| Thirty-Eighth & Shadeland 4 Bedroom Apartments | $1,718 | $1,636 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Shadeland Neighborhood of Indianapolis, IN.
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Thirty-Eighth & Shadeland, Indianapolis, IN Local Guide
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Cheapest Available Thirty-Eighth & Shadeland Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Shadeland area of Indianapolis, IN is a Studio unit found at Olivewood priced from $699. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Thirty-Eighth & Shadeland apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olivewood | Studio | Studio,1BA | $699 |
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $762 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $798 |
Best Value Apartments for Rent in Thirty-Eighth & Shadeland, IN
As of November 02, 2025 the best value apartment in the Thirty-Eighth & Shadeland area is the $1.08 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,449. The second greatest value Thirty-Eighth & Shadeland apartment is the 2 Bed 1 Bath Model at Brookhaven Apartments starting at $1,050 with a $0.89 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Thirty-Eighth & Shadeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | Three Bedroom Two Bath | 3BR,2BA | $1.08 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.03 |
| 60 - ADDISON APARTMENTS | 1st Floor Standard | 2BR,1BA | $0.95 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.15 |
| The Reserve at Franklin Glenn I LP | Soon Available: Your Perfect Home Awaits | 2BR,2BA | $1.39 |
| Heritage Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.31 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $1.09 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.16 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $1.31 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleThirty-Eighth & Shadeland, Indianapolis, IN
Ranked #218
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Thirty-Eighth & Shadeland Apartments
What is a cheap apartment in Thirty-Eighth & Shadeland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Thirty-Eighth & Shadeland is under $872.
What is the price of a cheap apartment in Thirty-Eighth & Shadeland?
The cheapest apartment in Thirty-Eighth & Shadeland is Frederick Square which is listed at $762, while the average apartment in Thirty-Eighth & Shadeland costs $1,718.
What types of apartments are the cheapest in Thirty-Eighth & Shadeland?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Thirty-Eighth & Shadeland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Thirty-Eighth & Shadeland?
Cheap apartments in Thirty-Eighth & Shadeland have an average cost of $558 which is $1,160 cheaper than the average rent for all rentals in Thirty-Eighth & Shadeland.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.